Does the 360 Painting Franchise Agreement include an exhibit related to ACH authorization?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
- EXHIBIT C-1 MISCELLANEOUS INFORMATION; TERRITORY DEFINED
- EXHIBIT C-2 PERSONAL COVENANTS
- EXHIBIT C-3 INTERNET WEB SITES AND LISTINGS AGREEMENT
- EXHIBIT C-4 TELEPHONE LISTING AGREEMENT
EXHIBIT C-5 FRANCHISEE INFORMATION
EXHIBIT C-6 GUARANTY AGREEMENT
EXHIBIT C-7 GENERAL RELEASE
EXHIBIT C-8 ACH AUTHORIZATION
EXHIBIT C-9 COPY OF SIGNED RECEIPT TO FRANCHISE DISCLOSURE DOCUMENT
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 FDD, the 360 Painting Franchise Agreement does include an exhibit specifically related to ACH authorization. This exhibit is listed as "EXHIBIT C-8 ACH AUTHORIZATION."
For a prospective franchisee, this means that as part of the franchise agreement, there is a separate document that authorizes 360 Painting to make Automated Clearing House (ACH) transactions. ACH authorization typically allows the franchisor to directly debit the franchisee's bank account for various fees, royalties, or other payments owed under the franchise agreement.
It is important for a potential 360 Painting franchisee to carefully review Exhibit C-8 to understand the terms and conditions of the ACH authorization, including the amounts that may be debited, the frequency of such debits, and the procedures for modifying or canceling the authorization. Understanding these terms is crucial for managing the financial aspects of the franchise and ensuring compliance with the franchise agreement.